Have Dubai Property Prices Regained a Little Ground?
Having been dropping like a stone thanks to the global economic crisis, Dubai property prices have finally risen again, according to real estate consultancy Colliers International – by 7% in the third quarter. This is the first rise since the emirate’s property market crashed at the end of 2008. Investors who bought during the boom will not be dancing in the streets just yet, though, as this rise still leaves prices around 50% down on their pre-crash level.